EI Salutes 73 HPSUs In Class of 09

Enterprise Ireland Applauds The 43 Software Start-Ups It Helped in 2009

This week Enterprise Ireland showcased 73 High Potential Start-Up companies that have successfully established new businesses in Ireland at its Class of 2009 event. 

More than half of the firms that graduated from its HPSU programme were in software and services, and Irish Dev.com has listed all of these below.

Frank Ryan, Enterprise Ireland Chief Executive Officer applauded the courage and commitment of the entrepreneurs and management teams  at the event saying: "This event provides an opportunity tto showcase Irish businesses with the potential to grow, scale and internationalise.

"Start-up business activity in Ireland is one of the strongest in the world and the High Potential Start Up Companies profiled in the ‘Class of 2009' are a very visible showcase of this.

"Right across the spectrum of business activity, Irish entrepreneurs are carving out a niche for new and innovative products, competing successfully in export markets and creating jobs at home. They demonstrate that there are very significant opportunities for new business start ups, despite the challenging economic environment, and particularly so in lifesciences, bio-tech and medical technology, food, telecommunications, internet services and other niche areas.

Greg Treston, Divisional Manager of Enterprise Ireland's High Potential Start Up Division (Pictured) said: "Of the 73 companies, 45 are software and services related, with 21 providing industrial products and life sciences, and a further 7 involved in the food and retail sector.

"Enterprise Ireland's High Potential Start-Up Division is committed to supporting entrepreneurs to ensure that emerging technologies and business ideas with export potential become a commercial reality.

"We  assist Irish Start Up companies to achieve scale at the earliest stage of development. Dedicated teams within Enterprise Ireland work intensively with the entrepreneurs and management team behind each start up, assisting them in transforming a business plan into a new business," Treston continued.

Many of EI's 73  HPSU companies benefited from the wide range of services offered by the Enterprise Ireland team during 2009 including:

• Market and Technology Support and Validation 
• Introductions to the Venture Capital Community and Business Angel Network  andAccess to Business Mentors
• Assistance in securing key 'reference sales‘ in Ireland and in overseas markets
• Support in building and developing a management team
•  Finding suitable Incubation Space

"It is also important to recognise the continuing commitment of City and County Enterprise Boards (CEBs), Business Innovation Centres (BICs) and the third level sector in fostering entrepreneurship and innovative companies. I wish our start-Up Class of 2009 every success for the future and look forward to supporting them to grow and internationalise their businesses," concluded  Treston.

This is a list of the  43  Firms that  graduated from EI's HPSU programme  in 2009:

"These are sectors in which Irish firms can and do create a sustainable competitive advantage and build international market share.The impact of these companies should not be underestimated. This is not just in terms of the jobs they create across the regions, but also in terms of their capacity to grow rapidly, achieve international scale and contribute to export led growth and the revitalisation of the economy.

"These are an example of the entrepreneurs and companies that Enterprise Ireland is keen to support - businesses with a solid focus on knowledge, innovation and research and development and the capability to establish strong positions in international markets, sustain international competitiveness and achieve export growth. We will continue to support them in every way to realise their business ambitions," Ryan concluded.

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